Instead of risking your retirement savings on individual stocks due to overconfidence and fear of missing out, it’s important to take action to protect your money against future economic hardships.
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4 Ways to Protect Your Life Savings from Estate Taxation
The future increase in estate taxes could cause problems for your inheritance and retirement income down the road. To protect yourself from heavy taxation, know what tax laws are changing, be proactive in your retirement planning, and look at perusing difference inheritance strategies such as gifting and life insurance.
Keep Land in the Family with Conservation Easements
Conservation easements can be helpful as a means of reducing income taxes and lowering the value of estates for tax planning purposes.
In the Driver's Seat: Tax Deductions
As more and more jobs require travel, it could be to your benefit to seek professional advice in order to avail yourself of the deductions applicable to your individual situation.
How Much Tax Should I Have Withheld?
When completing a Form W-4 many people prefer to have too much tax taken out so they can look forward to a refund in the spring, but overpaying your taxes means you are allowing the IRS to hold on to your money.
Get Your Tax Act Together
You have finally chosen a tax consultant and want to prepare for your upcoming meeting. It is prudent to have everything you need to hand. Here are a few ways to prepare.
Estimating Your Federal Estate Tax
A few suggestions to allow an individual to estimate federal estate taxes.
Does Your Vehicle Donation Qualify as a Tax Deduction?
Donating a vehicle is a great way to benefit a charity and reduce your tax liabilities.
Charitable Giving Yields Tax Benefits for Businesses
By supporting a worthy cause, you or your business can help lower your tax bill through cash donations, as well as contributions in the form of unused inventory or sponsorship.
A Mountain of Debt to Scale: How will It Affect You?
Borrowing is so easy and lending has become a major source of profit for the financial markets.